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Mayank Cattle Food Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Mayank Cattle Food Ltd IPO

Registered Office: R S #162 Rajkot Jamnagar H Way,Vill Naranka Tal Paddhari , Rajkot - 360110 , Gujarat , India.
Phone : +91 90333 33123   Fax:
Email :  cs@mayankcattlefood.com  
Website :  www.mayankcattlefood.com
Initial public offer of 18,00,000 equity shares of face value of (Rs)10/- each ("Equity Shares") of Mayank Cattle Food Limited (the "Company" or the "Issuer") for cash at a price of (Rs)108/- per equity share, including a share premium of (Rs)98/- per equity share (the "Issue Price"), aggregating to (Rs)19.44 crores ("The Issue"), of which 90,000 equity shares of face value of (Rs)10/- each for cash at a price of (Rs)108/- per equity share, aggregating to (Rs)0.97 crores will be reserved for subscriptions by the market maker to the issue (the "Market Maker Reservation Portion"). The issue less market maker reservation portion i.e. issue of 17,10,000 equity shares of face value of (Rs)10/- each for cash at a price of (Rs)108/- per equity share, aggregating to (Rs)18.47 crores is here in after referred to as the "Net Issue". The issue and the net issue will constitute 33.33% and 31.67% respectively of the post issue paid up equity share capital of the company. The face value of the equity share is (Rs)10/- each and the issue price is (Rs)108/- each i.e., 10.8 times of the face value of the equity shares. The minimum lot size is 1,200 equity shares

Issue Money Payable On
Opens On Closes On Application Allotment
29-Jan-24 31-Jan-24 (Rs)108.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :1200  Further Multiples of :1200

  (Rs Cr) Lead Managers to the Issue
Project Cost 17.99
Finshore Management Services Ltd
Project Financed through Current Offer 19.44  
Post Issue Equity Share Capital 5.40  
Issue Price (Rs)108.00  
 
Projects
Funding capital expenditure towards purchase of additional plant and machineryGeneral corporate purposes
Working capital requirements
Promoted By
Bharatkumar Popatlal Vachhani  
Ajay Popatlal Vachhani  
Listing At
BSE - SME 
Registrar to the Issue
Cameo Corporate Services Ltd